Contents:

6 min read

    6 min read

    Quick links:

    What is Hyrecar?

    Broken down into the most basic terms, HyreCar is a service where people who want to drive for rideshare services are able to find vehicles to rent for that purpose. It’s a conglomeration of people who are willing to rent their cars out to strangers and people who want to rent those cars in order to make a living doing Uber/Lyft or any other rideshare-type job.

    GetUpside Gas App

    Someone looking to rent a car on HyreCar can look at the currently available vehicles and decide which one they want to rent. In the Minneapolis/St. Paul area where I live, the rentals range from $35 a day for a 2011 Volkswagen Jetta to $50 a day for a 2015 Ford Fusion or 2015 Mitsubishi Mirage.

    Each car is listed along with photos of the exterior and interior, so you the renter have an idea of what you’re getting into before jumping in. The owner of the vehicles decides for themselves how much they want to charge per day, if they want to give discounts for long rentals (one week, one month, etc), and how many miles they will allow you to use per day.

    Here’s what the profile page of the Volkswagen Jetta looks like:

    This car owner is willing to let people drive up to 400 miles per day (which is pretty hefty in this area, giving you ample allowance for driving comfortably each day without worry of going over). They also offer a long rental discount if you rent for 7 days a time.

    As you can see here, HyreCar also charges an insurance fee of $13 per day. This insurance is what you as a driver need any time you are using this vehicle, whether for rideshare services or not. The owner still has their insurance on the vehicle, but HyreCar covers you while you’re using it.

    The transaction fee you see is something else that HyreCar tacks on to your rental fee and they state that it “powers the HyreCar platform” allowing drivers such as yourself and owners of vehicles to meet up on their site and easily organize the rentals.

    How can people who want to drive but don’t have a car sign up?

    The sign-up process is fairly straightforward and easy to do, but it does take a little bit of time, so be sure you build that into your plan for using this service.

    The first thing you do is find the car you want to rent. HyreCar recommends that you move to book up to 6 vehicles at a time so you can be sure to be approved by at least one by the time you’re ready to rent it. Don’t worry, they only charge for the first vehicle that you’re approved for. The others are just a safety net in case an owner of a vehicle is already in the process of renting out to someone else and their car becomes unavailable during the time you’re trying to apply for it.

    Application for renting out a vehicle:

     

    After you are approved to book a vehicle, HyreCar then conducts a background check (that you must pay for) before allowing you to rent a vehicle. The good news is, once you do the background check once, you won’t have to do it again if you decide to use a different vehicle the next time you rent through HyreCar. Typically, the background check only takes a few hours, but it could take longer in some instances, so just be prepared for that if it doesn’t come back as quickly as you were expecting.

    According to HyreCar’s website, “After your application is approved by the car owner, you will receive the three documents required to upload to your Uber and/or Lyft driver accounts. The three documents include: vehicle registration, 19-point inspection, and your rideshare insurance.”

    These documents are necessary to upload to your Uber and/or Lyft account before you’ll be allowed to drive on their platform with the vehicle you’re gearing up to rent. Sometimes it takes a few hours — or I’ve seen up to a day — for uploaded documents to be approved on Uber and Lyft’s end.

    The number of days you’ve decided to rent the car out, along with the fees mentioned above, will be due up front. You will be required to pay the full amount due before getting on the road. In some cases, a $200 deposit is required as well.

    What Next?

    Once you’re approved for renting the vehicle and passed your background check, the next step is picking up the vehicle. You’ll need to organize with the owner of the vehicle the time and place for the exchange. In the case where I rented out my vehicle, I met the driver at his home because he didn’t have a vehicle or other way to get to me short of using Uber or Lyft to do so. Not all owners are willing to take that extra step, but it doesn’t hurt to ask if you’re in a similar situation and don’t have adequate means to get to the owner.

    Then the car is yours for the duration of the rental period. If you rented it for 3 days, you’ll have 3 days exactly to get the car back to the owner. During that 3-day period, if you decide this is pretty awesome and you want to keep renting the vehicle, you can extend the lease for the number of days you’re willing/able to pay for up front as long as the owner is willing to allow you to do so.

    Quick links:

    Tip from an Owner

    As the owner of a vehicle that has been rented out through HyreCar, I would like to advise you on one matter. Keep in touch with the owner. If you rent it for a month at a time, send a quick text once a week just to say things are going well. It’ll ease their minds greatly, trust me. Also, if you do notice the oil light has come on or some other maintenance issue has arisen with the car, it is up to the owner to take care of that, so the sooner you tell them, the faster it will be handled and you’ll be back on the road earning money.

    Have you tried Hyrecar, either renting out your vehicle as an owner or renting one to drive as an Uber/Lyft driver? What was your experience like?

    -Paula @ RSG

    Earn up to $25 an Hour with Instacart!

    instacart-1Instacart is hiring like crazy right now and offering many perks to drivers, including no under 5 star ratings and more. Sign up here.

    Read next: Hyrecar Review

    Paula Gibbins

    Paula Gibbins

    Paula Gibbins, a graduate of Augustana University, Sioux Falls, is a part-time rideshare driver and a full-time proofreader. She is based in Minneapolis/St. Paul. In her free time, Paula enjoys reading, playing board games and participating in trivia nights.

    Share Post